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Luxury car tax rate and thresholds

Luxury car tax (LCT) rate and thresholds.

Last updated 28 May 2024

Luxury car tax rate

Cars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%.

For the LCT rate before 3 October 2008, refer to A New Tax System (Luxury Car Tax Imposition - General) Act 1999.

Luxury car tax thresholds

The following table lists the LCT thresholds for the financial year the car was imported, acquired or sold.

If you import or sell a car with a GST-inclusive value above these LCT thresholds, you must pay LCT except in certain circumstances. In general, the LCT value of a car includes the value of any parts, accessories or attachments you supplied, or imported, at the same time as the car.

LCT thresholds

Financial year

Fuel efficient vehicles

Other vehicles

2024–25

$91,387

$80,567

2023–24

$89,332

$76,950

2022–23

$84,916

$71,849

2021–22

$79,659

$69,152

2020–21

$77,565

$68,740

2019–20

$75,526

$67,525

2018–19

$75,526

$66,331

2017–18

$75,526

$65,094

2016–17

$75,526

$64,132

2015–16

$75,375

$63,184

2014–15

$75,375

$61,884

2013–14

$75,375

$60,316

2012–13

$75,375

$59,133

The indexation factor for the 2024–25 financial year for:

  • fuel-efficient vehicles is 1.023
  • other vehicles is 1.047.

Find out what defines a fuel-efficient car.

 

QC38161